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The company continues to evolve its collaboration service to drive value for legal teams, but it's landing wall-to-wall enterprise contracts as it branches out beyond the legal department. This land-and-expand strategy means that HighQ will be a challenger within the general collaboration segment.

Major disruption is occurring across the business productivity software landscape as vendors strive to balance usability expectations with enterprise-grade functionality and security. Distinct market segments are combining technological advances like pervasive intelligence and workflow automation with new approaches to empowering end users in an effort to drive process efficiency, optimize information and knowledge assets, and develop new experience standards across the digital workspace.

Slack's rapid growth puts it in a good position to consolidate its strategy to become a central resource for workplace productivity. As it extends its reach, the landscape will shift, and Slack will compete head to head with large enterprise vendors such as Cisco and Microsoft.

With $50m in the bank, the London-based collaboration vendor is looking west for growth opportunities. Its product is competitive and with the cash infusion enabling aggressive sales expansion, it should prove to be a formidable contender in coming years.

The acquisition expands Sure's datacenter footprint to another island in the Channel Islands, which will enable the company to offer improved disaster-recovery services for customers. It also adds an IaaS offering to Sure's portfolio of services.